Posted by: Louis Lavelle on January 20, 2010
It seems like only yesterday we heard that Ted Snyder was stepping down as the dean of the University of Chicago’s Booth School of Business—in fact it was: the announcement was about a month ago. At the time, Snyder said he planned to “reflect on the challenges facing management education, analyze some major public policy issues, and to consider my future.”
Well, apparently he’s done. Yale School of Management today announced that it’s new dean will be….drum roll please…Ted Snyder.
Snyder will remain at Chicago until June 30, then take a sabbatical year, during which Sharon M. Oster will continue as the Yale SOM dean. Snyder takes the reins in July 2011. Yale President Richard C. Levin sang Snyder’s praises in a press release:
Ted Snyder is widely regarded as the most successful business school dean in the nation. He brings experience, enthusiasm, and vision to the Yale School of Management, and he looks forward to maintaining the school’s tradition of preparing students for leadership in business and society by raising their awareness of the context in which business operates. Ted especially appreciates Yale’s openness to collaboration across its schools and departments and its strong institutional commitment to infusing its educational programs with global experiences and global awareness. Ted is also committed to advancing the curricular innovations begun by the SOM faculty three years ago.
It’s easy to see what Yale saw in Snyder. Since taking over as Chicago dean in 2001, he doubled the number of endowed professorships, tripled scholarship assistance to students, oversaw Chicago’s move to a new Hyde Park campus, and doubled the endowment. And let’s not forget, it was under Snyder’s leadership that Chicago won a $300 million gift from alumnus David Booth and his family, the largest gift to any b-school in the world, ever.
At Yale, Snyder will face many of the same challenges he faced at Chicago. Like just about everybody’s endowment, Yale’s sustained double digit losses last year, although a recent gift of nearly $9 million to the SOM gave it a much needed kick in the pants. The SOM is building a new, 230,000 square foot campus. And of course the relevance of the MBA itself, a constant worry in the best of times, seems to be under attack on all fronts these days.
No rest for the weary, Dean Snyder.